US president Donald Trump has made good on his threats and has just increased tariffs on several Chinese goods to 25 percent. China intends to retaliate. Flexport is already feeling the effects, informs the company.
The much-anticipated meeting between US President Donald Trump and China's President Xi Jinping to sign an agreement to end their trade dispute will likely be pushed back to April at the earliest, sources say.
The US should support the sulfur regulations and implement them in a timely manner, says the powerful US oil lobby in a letter to the White House, thus increasing its pressure on President Donald Trump.
The truce between the US and China may have postponed an open conflict, but it has not yet prevented one. ShippingWatch has gathered reactions from Maersk Line, HMM, OOCL and Hapag-Lloyd. Shipping bank Nordea is far from convinced about the effect of a temporary agreement.
Despite a truce, the trade war between the US and China has impacted three otherwise good quarters on the bulk market and created major uncertainty, says Nordea in an analysis. Bimco warns that the recovery is "fragile."
Mæglere siger til S&P Global Platts, at Donald Trumps kommentarer om svovlkrav fredag "knuste" det europæiske bunkermarked. "Vi har set Trump trække sig ud af større ting," lyder det fra en af mæglerne.
China is expected to take over from France's Total SA to develop Iran's share of the world's biggest gas deposit. The French oil major has halted operations after US President Donald Trump reimposed sanctions on Iran.